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Demolition report dated 16 October 2020

19 October 2020

After weeks of uncertainty following the formation of a cartel in Bangladesh and the ongoing volatility in competing markets (i.e. India & Pakistan), subcontinent prices finally appear to have somewhat settled this week. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 9 October 2020

12 October 2020

After a period of turbulence and uncertainty, Indian subcontinent sentiments and prices appear to have turned somewhat this week, as Cash Buyer speculation seems to have reentered the market on select available vessels once again. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 2 October 2020

05 October 2020

After a stunning surge in the third quarter of the year that saw much of the losses incurred due to the pandemic reversed, the markets appear increasingly set for an upcoming correction in the near future. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 25 September 2020

28 September 2020

The prominent news this week centered on the formation of yet another cartel in Bangladesh, which is another attempt by a handful of powerful local Recyclers to try and secure vessels at controlled, below market prices. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 18 September 2020

21 September 2020

Following the catastrophic falls of around USD 150/LDT during the second quarter of the year and with all subcontinent markets now securing tonnage at increasing numbers of late, the 2020 subcontinent recovery seems nearly complete. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 11 September 2020

15 September 2020

Travel and ship deliveries / take overs have been thrown into question once again, as certain locations tighten restrictions on seafarers, particularly from the worst affected locations, such as India. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 4 September 2020

07 September 2020

A whole raft of sales have reportedly been concluded over the past week or so and into all markets, as subcontinent recycling locations finally get back into the groove after the prolonged absence and declining rates witnessed during the peak of the Covid-19 crisis this year. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 28 August 2020

31 August 2020

After some mammoth gains over the previous weeks, a touch more caution has started to enter the markets this week, particularly from both India and Pakistan. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 21 August 2020

24 August 2020

A major correction in Indian steel plate prices by nearly USD 20/LDT this week has led to some jitters in Alang, especially after prices had rocketed up from their lows below USD 300/LDT over the previous months. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.